Kinetics Spin Correlations

LSHEX Fund

USD 39.60 1.82 4.82%

The current 90-days correlation between Kinetics Spin Off and Flexible Bond Portfolio is -0.04 (i.e., Good diversification). The correlation of Kinetics Spin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Kinetics Spin Correlation With Market

Very weak diversification

The correlation between Kinetics Spin Off And and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Spin Off And and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinetics Spin Off And. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Kinetics Mutual Fund

0.99	WWNPX	Kinetics Paradigm	Pair Corr
0.77	WWWEX	Kinetics Global	Pair Corr
0.96	KMKCX	Kinetics Market Oppo	Pair Corr
0.96	KMKAX	Kinetics Market Oppo	Pair Corr
0.99	KNPAX	Kinetics Paradigm	Pair Corr
0.99	KNPCX	Kinetics Paradigm	Pair Corr
0.99	KNPYX	Kinetics Paradigm	Pair Corr
0.83	LSHUX	Horizon Spin Off	Pair Corr
1.0	LSHCX	Horizon Spin Off	Pair Corr
0.83	LSHAX	Horizon Spin Off	Pair Corr
0.99	KSCOX	Kinetics Small Cap	Pair Corr
0.7	FAIRX	The Fairholme	Pair Corr
0.72	PGLSX	Global Multi Strategy	Pair Corr
0.72	HWACX	Hotchkis Wiley Value	Pair Corr
0.67	RXRPX	American Funds Retirement	Pair Corr
0.67	EBSIX	Campbell Systematic Macro	Pair Corr

Related Correlations Analysis

	JAFLX	CSBCX	MIIIX	CBOEX	GANPX	FMUUX
JAFLX		0.99	1.0	0.97	0.89	0.88	JAFLX
CSBCX	0.99		0.99	0.98	0.91	0.9	CSBCX
MIIIX	1.0	0.99		0.97	0.87	0.86	MIIIX
CBOEX	0.97	0.98	0.97		0.9	0.91	CBOEX
GANPX	0.89	0.91	0.87	0.9		0.98	GANPX
FMUUX	0.88	0.9	0.86	0.91	0.98		FMUUX
	JAFLX	CSBCX	MIIIX	CBOEX	GANPX	FMUUX

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Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Spin Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kinetics Spin's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JAFLX	0.25	0.01	0.15	0.34	0.23	(0.30)	0.61	(0.50)	1.44
CSBCX	0.22	0.01	0.15	0.35	0.23	(0.25)	0.49	(0.42)	1.42
MIIIX	0.25	0.01	0.15	0.64	0.23	(0.32)	0.54	(0.43)	1.42
CBOEX	0.17	0.02	0.23	0.75	0.11	(0.21)	0.33	(0.32)	0.98
GANPX	0.06	0.00	0.23	(0.02)	0.00	(0.12)	0.10	(0.10)	0.48
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40

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Kinetics Spin Correlations

Kinetics Spin Correlation With Market

Very weak diversification

Moving together with Kinetics Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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